By Kim Magrini on April 13, 2015 Posted in Housing Bonds,RAD,Supportive Services,Tax-Exempt BondsOn April 9, 2015, the Housing Authority of the City of El Paso (HACEP) and its development, private equity and lending partners closed Phase I of the largest Rental Assistance Demonstration (RAD) project in the country. Hunt Development Group has joined HACEP in undertaking the development, preservation and rehabilitation of all of the 1,590 existing… Continue Reading

By Vicky Tsilas on April 9, 2015 Posted in Budget,Housing Bonds,Tax Reform,Tax-Exempt BondsReleased in February, the 2016 budget set forth by the Obama administration takes a focused stance towards the country’s growing infrastructure requirements. The 2016 budget features tax-exempt bond proposals seen in the administration’s 2014 and 2015 budgets, and introduces four new bond proposals: 1) A New Category of Qualified Private Activity Bonds for Infrastructure Projects… Continue Reading

By Preston F. Olsen on August 27, 2014 Posted in Housing Bonds,Multifamily,Tax-Exempt BondsFor many years multifamily housing apartment projects could be financed with tax-exempt drawn-down bonds and loans with all of the bonds issued pursuant to a draw-down loan being treated as part of a single issue. The date of issuance for the bonds would be the first date on which the aggregate draws exceeded the lesser… Continue Reading

By Jacob Carlton on June 26, 2014 Posted in Housing Bonds,Multifamily,Tax-Exempt BondsWith Independence Day right around the corner and with several bond financings benefitting homeless veterans recently in the news (see Proposition 41 Bond Measure and Apartments for Homeless Veterans), it seemed fitting to highlight certain types of bonds which can be used to assist veterans. The first of these are qualified veterans’ mortgage bonds which are private activity bonds that… Continue Reading

By Ryan R. Warburton on March 25, 2014 Posted in Housing Bonds,Tax-Exempt BondsBackground At a time in the United States when there is a shortage of affordable rental housing one would think that good tax policy would favor the construction and preservation of more affordable housing not less. Tax-exempt bonds have been successfully used for decades to reduce the costs of building and renovating affordable housing. Because… Continue Reading

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About the Housing Group

Ballard Spahr's housing practice
is nationally recognized for its innovative and practical approaches in the development and financing of housing and community development projects nationwide. Our experience includes the representation of more than 75 housing authorities, the closing of hundreds of bond transactions as bond and underwriter's counsel, and involvement in thousands of tax-credit transactions. We routinely represent borrowers and more than a dozen lenders under all of the multifamily programs of Freddie Mac, Fannie Mae, and HUD.